Dear User, We noticed that you're using an ad blocker. Myfxbook is a free website and is supported by ads. In order to allow us to keep developing Myfxbook, please whitelist the site in your ad blocker settings.

All measures were taken and are in action to the situation that happened last month do not repeat ever again.
I understand that some investors have a more risk tolerance than others and want achieve exponential high results, well as i told already, we are not aim to produce 100% each month, our target maintain on the interval range of 10 - 20% month, but with significant changes, as you might notice on the current trading.
- The system was not changed, what was changed was the non conjunction of trading cycles if they not hedge naturally.
- The investment amount on each cycle was reduced too...

Hi Will,
I appreciate your opinions. MAM can be a better solution, but the current broker OTS use, and trust a lot, for trading and for clients safety of funds doesn´t provide that solution.
Regarding the structure, maybe you are right, a mere penalty doesn´t necessary solve the issue - the penalty can lead to revoke LPOA and subsequent suspension of account, although the "bad" is done on accounts.
To solve the possibility of withdrawals, OTS lowered the exposition to markets too. This will lead to a bit lower performance, but for sure a safety one. Beside this the con...

Answering to jezrp, that´s not complete true, if you see your statement, with all withdrawals you have made, sometimes within space of one week, you are earning more then you show in your post. If you are worried about your investment and don´t have trust in OTS Fx, here at the public i say to you withdrawal all your money and invest in other management company, or invezt yourself.
Answering to kishorejoga - Do you know that petra had more then 5 managers/systems working ? Currently at your accounts i seem more then 30% in DD, and you came here, with no experience at all in our sy...

Hi Will,
It happens what was explained - withdrawals on accounts and a high market range and a accumulation of trading cycles ( minor and major ).
For instance the major cycle cames from june, almost 5 month in cycle. Accumulated Withdrawals versus accumulated losses produces bad results. 3% of Withdrawal may not be noticed but on the money management can accumulate the problems.
Regards,
OTS Fx

Hi,
Is at our website a post regarding the situation we have faced during september 2011 http://www.otsfx.com/2011/10/important-update/
Is nothing more then what was explained to Myfxbook community but we think that was important explain all thru our website so current and future investors be informed of what happened and measures we take to prevent it.
Regards,
OTS Fx

Hi Will,
A smaller cycle trading in conjuction with a higher cycle and additional withdrawal cause a high leverage used in the trades which force us to close them.
We never average down a trade, that is not our trading style.
Is a purely mechanical system ( manual trading ).
Regarding the meausures most important is the withdrawal procedure and no conjucntion of trading cycles if they not hedge by itself neither do compounding weeklly basis, just monthly basis.
Like i told, there is no intention getting excuses for what happen, just getting the solutions for not happen again.
regards,
O...

Hi All,
Is important to explain the Drawdown we have faced on accounts. This was due system behaviour and internal factors that are currently resolved.
We are total responsible for the Drawdown (even with the internal factors, that we couldn´t control till today ).
After the Emergency Stoploss was activated all trading was halted until further notice from clients decision regarding accounts.
The internal factors, cause a very high leverage in the middle of trading cycle and subsequent High Drawdown, which forces us to close all positions and cut the losses, avoiding more risk.
We t...

Hi MonkeyBars,
I appreciate a lot your comments and i can only say that as always i make impossibles to provide best service to OTS Fx investors. Markets are not easy since June, very volatile, range, etc... but i never excuse poor performance with the markets behaviour.
The 10-15% average profit per month is total achievable and is our Target on the mid term, but OTS Fx will never get more exposed to market to achieve that levels, putting in risk a very high DD.
To finish i just want to thank the confidence investors put in OTS Fx, and help everyday building this project.
Best Regards,
O...

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to
trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you
cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.